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Startup Atlas · Budget Hotels

OYO Unicorn

Oravel Stays Limited (parent entity rebranded to PRISM in 2025) Gurugram (Gurgaon), Haryana Founded 2012 oyorooms.com ↗
Ritesh Agarwal · Founder & Group CEO
$500 MnTotal funding (tracked)
5Funding rounds
12 Aug 2024Last round
1,330Team size (sourced)

OYO: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Standardized, predictable budget stays

Branding and a standardization checklist (linens, WiFi, AC, breakfast) applied across independent hotels to remove quality uncertainty for guests.

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Full-stack technology for small hotel owners

OYO 'provides full stack technology that increases earnings and eases operations' for independent hotel and home owners, including dynamic pricing and online distribution.

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Wide distribution / ubiquity

Large network of storefronts (10,000+ India locations cited) intended to put an OYO property near most transit hubs.

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Customer Segments

Budget travelers / backpackers

Price-conscious Indian travelers booking standardized budget rooms; part of an app user base of 100 million+ cumulative users.

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SME / business travelers

Business owners and employees on constrained travel budgets seeking predictable-quality budget stays.

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Independent hotel/home owners (supply-side partners)

Small independent hoteliers and home owners who onboard properties for branding, demand generation, and technology tooling.

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Customer Relationships

OYO Wizard loyalty program

Paid membership program (cited ~10 million members) offering discounts to drive repeat bookings.

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Partner support / relationship managers

Audit teams and relationship managers provide ongoing operational support to hotel-owner partners.

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Channels

OYO mobile app / direct bookings

Direct app bookings are a major share of overall bookings, per Litmus case-study breakdown.

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OTA distribution

Listings distributed via third-party OTAs such as Booking.com, Agoda, and MakeMyTrip.

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Physical signage

Branded red OYO signboards at partner properties functioning as street-level advertising.

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Key Activities

Property standardization & audits

Inspection/standardization process applied to onboarded independent hotels.

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Dynamic/algorithmic pricing

Pricing algorithm used to optimize partner-hotel occupancy and revenue.

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Key Resources

OYO OS technology platform

Proprietary property-management software handling pricing, check-in and partner operations.

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Motel 6 / Studio 6 owned-and-franchised network

Physical hotel network added via the $525 million G6 Hospitality acquisition, giving OYO a US brand footprint (nearly 1,500 properties).

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Key Partnerships

SoftBank

Largest institutional shareholder and long-time strategic investor across multiple funding rounds.

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Airbnb

2019 strategic partnership around listings/distribution.

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Microsoft

September 2021 strategic investment/technology partnership.

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Blackstone Real Estate

Seller of G6 Hospitality (Motel 6/Studio 6) in the December 2024 acquisition.

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Revenue Streams

Revenue share / commission from partner hotels~75% of FY25 revenue

Largest revenue stream — a share (cited as roughly 20-30%) of room-booking value from franchised/leased partner properties.

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OYO Wizard subscription fees~10% of FY25 revenue

Paid loyalty membership fees.

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Platform / technology & onboarding fees~10% of FY25 revenue

Fees for OYO OS technology access, listing and onboarding services charged to partner hotels.

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European vacation-rental / property management fees (OYO Home / Belvilla)

Property-management service fees from the European vacation-homes business.

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Cost Structure

No cited public information yet.

FAQs on OYO

What is OYO's business model?

OYO's core value proposition centers on Standardized, predictable budget stays, Full-stack technology for small hotel owners, Wide distribution / ubiquity.

How does OYO make money?

OYO's cited revenue streams include Revenue share / commission from partner hotels, OYO Wizard subscription fees, Platform / technology & onboarding fees, European vacation-rental / property management fees (OYO Home / Belvilla).

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: yourstory.com · Last verified 13 Jul 2026. · Report a correction